Carmakers pledge to invest over $3 billion in South Africa

JOHANNESBURG, Oct 26 (Reuters) - South Africa's association of carmakers said on Friday that its members would invest more than 40 billion rand ($3 billion) in the country over the next five years.

The announcement by the association, whose members include Nissan, Volkswagen and Isuzu, was made at an investment conference. ($1 = 14.6385 rand) (Reporting by Alexander Winning and Ed Stoddard Editing by James Macharia)